Overview Performance Dividends Correlations

2 Stock and 98 ETF MMD (MainStay MacKay DefinedTerm Municipal Opportunities Fund) alternatives

The most close MMD (MainStay MacKay DefinedTerm Municipal Opportunities Fund) alternative is ETF MUNB (NORTHERN TRUST 2035 TAX-EXEMPT DISTRIBUTING LADDER ETF). The correlation is 0.9384.

Stocks that highly correlated with MMD

Symbol	Name	Market cap	Sector	Industry	Correlation
RMM	RiverNorth Managed Duration Municipal Income Fund Inc	$293M	Financial Services	Asset Management	0.82
RFMZ	RiverNorth Flexible Municipal Income Fund II Inc	$312M	Financial Services	Asset Management	0.80

ETFs that highly correlated with MMD

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
MUNB	NORTHERN TRUST 2035 TAX-EXEMPT DISTRIBUTING LADDER ETF	$14M	0.18%	Aug 18, 2025	0.94
XMPT	VANECK CEF MUNI INCOME ETF	$221M	1.97%	Jul 12, 2011	0.88
CEFZ	RIVERNORTH ACTIVE INCOME ETF	$40M	3.36%	Dec 27, 2006	0.88
MUNC	NORTHERN TRUST 2045 TAX-EXEMPT DISTRIBUTING LADDER ETF	$8.20M	0.18%	Aug 18, 2025	0.87
TAXM	BondBloxx ETF Trust IRM TaxAware ETF for Massachusetts Residents	$36M	0.35%	Mar 11, 2025	0.87
TXXI	BondBloxx ETF Trust IRM TaxAware Intermediate Duration	$35M	0.35%	Mar 11, 2025	0.86
PMO	Putnam Municipal Opportunities Trust	$315M	N/A	N/A	0.86
RTAI	RAREVIEW TAX ADVANTAGED INCOME ETF	$18M	4.59%	Oct 20, 2020	0.86
TAXF	AMERICAN CENTURY DIVERSIFIED MUNICIPAL BOND ETF	$681M	0.27%	Sep 10, 2018	0.85
JMUB	JPMORGAN MUNICIPAL ETF	$8B	0.18%	Oct 29, 2018	0.85
OVM	OVERLAY SHARES MUNICIPAL BOND ETF	$43M	0.81%	Sep 30, 2019	0.85
IQI	Invesco Quality Municipal Income Trust	$541M	N/A	N/A	0.85
MFM	MFS Municipal Income Trust	$464M	N/A	N/A	0.84
WCPB	Weitz Core Plus Bond ETF	$210M	0.45%	Aug 12, 2025	0.84
NAN	Nuveen New York Quality Municipal Income Fund	$375M	N/A	N/A	0.84
HMOP	HARTFORD MUNICIPAL OPPORTUNITIES ETF	$783M	0.29%	Dec 13, 2017	0.84
NVG	Nuveen AMT-Free Municipal Credit Income Fund	$2.80B	N/A	N/A	0.84
EVN	Eaton Vance Municipal Income Trust	$435M	N/A	N/A	0.84
FMB	FIRST TRUST MANAGED MUNICIPAL ETF	$2.10B	0.39%	May 13, 2014	0.84
NRK	Nuveen New York AMT-Free Quality Municipal Income Fund	$957M	N/A	N/A	0.84
FLMI	FRANKLIN DYNAMIC MUNICIPAL BOND ETF	$2.30B	0.30%	Aug 31, 2017	0.84
MUST	COLUMBIA MULTI-SECTOR MUNICIPAL INCOME ETF	$602M	0.23%	Oct 10, 2018	0.84
MYI	BlackRock MuniYield Quality Fund III Inc	$1.50B	N/A	N/A	0.84
BSMT	INVESCO BULLETSHARES 2029 MUNICIPAL BOND ETF	$279M	0.18%	Sep 25, 2019	0.84
MUA	BlackRock Muniassets Fund Inc	$577M	N/A	N/A	0.84
NAD	Nuveen Quality Municipal Income Fund	$2.80B	N/A	N/A	0.84
VKQ	Invesco Municipal Trust	$562M	N/A	N/A	0.83
NYF	ISHARES NEW YORK MUNI BOND ETF	$1.40B	0.09%	Oct 4, 2007	0.83
PMM	Putnam Managed Municipal Income Trust.	$292M	N/A	N/A	0.83
MHD	BlackRock MuniHoldings Fund Inc	$2.30B	N/A	N/A	0.83
RVNU	XTRACKERS MUNICIPAL INFRASTRUCTURE REVENUE BOND ETF	$145M	0.15%	Jun 4, 2013	0.83
AFB	AllianceBernstein National Municipal Income Fund Inc	$353M	N/A	N/A	0.83
INCM	Franklin Income Focus ETF	$1.60B	0.38%	Jun 6, 2023	0.83
MUB	ISHARES NATIONAL MUNI BOND ETF	$46B	0.05%	Sep 7, 2007	0.83
FSMB	FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF	$626M	0.34%	Nov 1, 2018	0.83
NZF	Nuveen Municipal Credit Income Fund	$2.50B	N/A	N/A	0.83
MUNI	PIMCO INTERMEDIATE MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND	$3.10B	0.35%	Nov 30, 2009	0.83
MBND	STATE STREET(R) NUVEEN MUNICIPAL BOND ETF	$28M	0.40%	Feb 4, 2021	0.83
MFLX	FIRST TRUST FLEXIBLE MUNICIPAL HIGH INCOME ETF	$20M	0.75%	Sep 27, 2016	0.83
BGIG	BAHL & GAYNOR INCOME GROWTH ETF	$2.20B	0.45%	Sep 14, 2023	0.83
ITM	VANECK INTERMEDIATE MUNI ETF	$2.20B	0.18%	Dec 4, 2007	0.83
OIA	Invesco Municipal Income Opportunities Trust	$301M	N/A	N/A	0.83
MUC	BlackRock MuniHoldings California Quality Fund Inc	$1.50B	N/A	N/A	0.83
LEO	BNY Mellon Strategic Municipals Inc	$434M	N/A	N/A	0.83
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES	$49B	0.03%	Aug 21, 2015	0.83
BSMR	INVESCO BULLETSHARES 2027 MUNICIPAL BOND ETF	$345M	0.18%	Sep 25, 2019	0.82
MFSM	MFS ACTIVE INTERMEDIATE MUNI BOND ETF	$101M	0.34%	Dec 4, 2024	0.82
NEA	Nuveen AMT-Free Quality Municipal Income Fund	$3.50B	N/A	N/A	0.82
PML	Pimco Municipal Income Fund II	$1B	N/A	N/A	0.82
SBI	Western Asset Intermediate Muni Fund Inc	$119M	N/A	N/A	0.82
MUJ	BlackRock MuniHoldings New Jersey Quality Fund Inc	$676M	N/A	N/A	0.82
DFNM	DIMENSIONAL NATIONAL MUNICIPAL BOND ETF	$2.20B	0.17%	Nov 15, 2021	0.82
MINO	PIMCO MUNICIPAL INCOME OPPORTUNITIES ACTIVE EXCHANGE-TRADED FUND	$720M	0.39%	Sep 8, 2021	0.82
PWZ	INVESCO CALIFORNIA AMT-FREE MUNICIPAL BOND ETF	$1.20B	0.28%	Oct 11, 2007	0.82
VMO	Invesco Municipal Opportunity Trust	$681M	N/A	N/A	0.82
FCAL	FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF	$224M	0.49%	Jun 20, 2017	0.82
MNBD	ALPS \| BBH INTERMEDIATE MUNICIPAL BOND ETF	$56M	0.44%	May 19, 2022	0.82
VGM	Invesco Trust for Investment Grade Municipals	$568M	N/A	N/A	0.82
INMU	BlackRock Intermediate Muni Income Bond ETF	$523M	0.30%	Mar 16, 2021	0.82
MMIT	NYLI MACKAY MUNI INTERMEDIATE ETF	$1.50B	0.30%	Oct 18, 2017	0.82
FMN	Federated Hermes Premier Municipal Income Fund	$98M	N/A	N/A	0.82
PZT	INVESCO NEW YORK AMT-FREE MUNICIPAL BOND ETF	$139M	0.28%	Oct 11, 2007	0.82
NAC	Nuveen California Quality Municipal Income Fund	$1.90B	N/A	N/A	0.82
HYMB	STATE STREET(R) SPDR NUVEEN ICE HIGH YIELD MUNICIPAL BOND ETF	$3.10B	0.35%	Apr 13, 2011	0.82
VCRM	VANGUARD CORE TAX-EXEMPT BOND ETF ETF SHARES	$1.70B	0.12%	Nov 21, 2024	0.82
MQY	BlackRock MuniYield Quality Fund Inc	$1.90B	N/A	N/A	0.82
MLN	VANECK LONG MUNI ETF	$700M	0.24%	Jan 2, 2008	0.82
CMF	ISHARES CALIFORNIA MUNI BOND ETF	$4.50B	0.08%	Oct 4, 2007	0.82
TAXI	NORTHERN TRUST INTERMEDIATE TAX-EXEMPT BOND ETF	$160M	0.05%	Aug 18, 2025	0.82
NBB	Nuveen Taxable Municipal Income Fund	$475M	N/A	N/A	0.82
PZA	INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF	$4.30B	0.28%	Oct 11, 2007	0.82
IIM	Invesco Value Municipal Income Trust	$587M	N/A	N/A	0.81
VKI	Invesco Advantage Municipal Income Trust II	$397M	N/A	N/A	0.81
BSMQ	INVESCO BULLETSHARES 2026 MUNICIPAL BOND ETF	$285M	0.18%	Sep 25, 2019	0.81
TFI	STATE STREET(R) SPDR NUVEEN ICE MUNICIPAL BOND ETF	$3.10B	0.23%	Sep 11, 2007	0.81
CEV	Eaton Vance California Municipal Income Trust	$78M	N/A	N/A	0.81
IYRI	NEOS REAL ESTATE HIGH INCOME ETF	$285M	0.68%	Jan 14, 2025	0.81
TAXT	NORTHERN TRUST TAX-EXEMPT BOND ETF	$61M	0.05%	Aug 18, 2025	0.81
JMHI	JPMORGAN HIGH YIELD MUNICIPAL ETF	$281M	0.35%	Sep 17, 2007	0.81
FMHI	FIRST TRUST MUNICIPAL HIGH INCOME ETF	$995M	0.49%	Nov 1, 2017	0.81
BSMS	INVESCO BULLETSHARES 2028 MUNICIPAL BOND ETF	$307M	0.18%	Sep 25, 2019	0.81
AVMU	AVANTIS CORE MUNICIPAL FIXED INCOME ETF	$169M	0.15%	Dec 10, 2020	0.81
JMSI	JPMORGAN SUSTAINABLE MUNICIPAL INCOME ETF	$391M	0.18%	Feb 9, 1993	0.81
EIM	Eaton Vance Municipal Bond Fund	$543M	N/A	N/A	0.81
KTF	DWS Municipal Income Trust	$365M	N/A	N/A	0.81
DFCA	DIMENSIONAL CALIFORNIA MUNICIPAL BOND ETF	$703M	0.19%	Jun 26, 2023	0.81
VPV	Invesco Pennsylvania Value Municipal Income Trust	$195M	N/A	N/A	0.81
MYN	BlackRock MuniYield New York Quality Fund Inc	$1B	N/A	N/A	0.81
FLMB	FRANKLIN MUNICIPAL GREEN BOND ETF	$78M	0.30%	Aug 31, 2017	0.81
NMZ	Nuveen Municipal High Income Opportunity Fund	$2.30B	N/A	N/A	0.81
HYD	VANECK HIGH YIELD MUNI ETF	$4.50B	0.32%	Feb 4, 2009	0.80
VTN	Invesco Trust For Investment Grade New York Municipals	$161M	N/A	N/A	0.80
MMCA	NYLI MACKAY CALIFORNIA MUNI INTERMEDIATE ETF	$89M	0.36%	Dec 21, 2021	0.80
FMNY	FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF	$39M	0.49%	May 12, 2021	0.80
TIPC	NORTHERN TRUST 2045 INFLATION-LINKED DISTRIBUTING LADDER ETF	$3M	0.10%	Aug 18, 2025	0.80
HYGW	ISHARES HIGH YIELD CORPORATE BOND BUYWRITE STRATEGY ETF	$110M	0.69%	Aug 18, 2022	0.80
SHYM	iShares High Yield Muni Income Active ETF	$786M	0.40%	Mar 16, 2021	0.80
NUMI	NUVEEN MUNICIPAL INCOME ETF	$83M	0.29%	Jan 22, 2025	0.80